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Survey: What are the challenges currently facing frontline conveyancers? – London Wallet

Mark Helprin by Mark Helprin
August 23, 2023
in Real Estate
Survey: What are the challenges currently facing frontline conveyancers? – London Wallet
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The vast majority of conveyancers would advise up-and-coming lawyers against entering the profession, fresh research shows.

The survey, carried out by Today’s Conveyancer, highlighted issues facing frontline conveyancers, attracting more than 200 responses from industry professionals.

Of those that took part in the study, 84% said they would not encourage aspiring lawyers to enter the conveyancing profession?

Building Safety Act, extra responsibilities, Land Registry delays, anti-money laundering and compliance issues, low fees and standards, were identified among the primary issues facing conveyancers.

Poor guidance from industry bodies, including the Law Society and Council of Licensed Conveyancers, were also identified as a problem.

Survey highlights:

What do you currently see as the key issues facing residential conveyancers?

Volume of enquiries 72
Standard of enquiries 97
Low fees 117
Lack of upfront information 49
Recruitment difficulties 64
Lack of digitalisation 28
PII cost 88
Building Safety Act 2022 (and subsequent issues) 159
Land Registry delays 128
Communication with clients / agents 56
Referral fees 86
Lenders’ panel requirements 83
Working from home 14
Length & vulnerability of chains 46
AML / compliance burden 123
Lack of direction from the Law Society / CLC 93
Climate change burden 54
Execution of documents 15
Lack of clarity from clients about what they want, and when 25
Conveyancers instructed too late 35
The onboarding process 23
‘Mission creep’ – ever-increasing responsibility 145
Standards of conveyancing and other conveyancers 105
Other 13

If you were an aspiring lawyer today, would you look to enter the conveyancing profession?

Which of the following organisations do you feel effectively represent the intentions and views of residential conveyancers? Please tick all that apply.

The Law Society of England and Wales 34
The Council for Licensed Conveyancers 42
The Conveyancing Association 57
The Society of Licensed Conveyancers 29
The Bold Legal Group 137
HM Land Registry 10
The Home Buying & Selling Group 3
The Digital Property Market Steering Group 4

To what extent do you think the Digital Property Market Steering Group will impact the practice of residential conveyancers in the foreseeable future?

Very significantly 7
Significantly 14
Not sure 89
Slightly 19
Not at all 31
I don’t know what it is 42

 




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